This could also be filed under quote-of-the-day: Businesses do not desire free markets. Businesses desire profits. Sometimes free markets yield profits. Sometimes big government yields profits. Take private equity shops. Some of them may resist regulations or taxes on themselves, but taxes and regulations can--and do--drive privately-held companies to sell out. That was from Tim Carney, author of the new book " The Big Ripoff: How Big Business and Big Government Steal Your Money ."
It was used to explain the lobbying and philanthropic behaviors of ne’erdowellers such as George Soros , whom seemingly benefit from free-markets, yet have an affinity for supporting social democrats and their redistribution schemes.
Tariffs , subsidies , industry specific taxes and tax breaks , are all examples of cui bono in action.
More from Carney: 1 2 3
Via DealBreaker .
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Oil and the ApocalypseFrom: blog.mises.org
Post Date: 2006-08-09 05:24:27
Blaming BP for higher gas prices misses the mark. The real world is characterized by risk. Bad things happen. The key point is that when they do, the price system reacts in ways that ensure the quickest and most socially optimal response. And contrary to the White House, more regs are not the answer. Tony Snow spoke as if only the lack of regulations forestalls a world in which nothing bad ever happens. FULL ARTICLE ...
more Trading Victims, Increasing State PowerFrom: blog.mises.org
Post Date: 2006-08-09 05:04:04
By most reports, Israeli bombings of Lebanon are strengthening Hezbollah’s support among Lebanese civilians, while Hezbollah bombings of Israel are strengthening the Israeli government’s support among Israeli civilians.
So here we have (what are by libertarian standards) two criminal gangs, both blasting away at innocent civilians, and the result is to increase these gangs’ popularity among the civilians being victimised! A very successful outcome for both sides. ...
more Blogs, Gatekeepers, and Public RelationsFrom: blog.mises.org
Post Date: 2006-08-08 20:41:58
Stephen Carson has mentioned how services such as Digg have lowered the barriers to entry in the dissemination of information. In their latest issue, The Economist discussed economists that blog. One interesting nugget stood out: Top universities once benefited from having clusters of star professors. The study showed that during the 1970s, an economics professor from a random university, outside the top 25 programmes, would double his research productivity by moving to Harvard. The stron...
more Top 12 History and Proto-Libertarian Works for IndividualistsFrom: blog.mises.org
Post Date: 2006-08-08 19:12:08
In response to Stephen Kinsella , since the comments section was getting a little bogged down in other matters:
The Top 12 History Books for Libertarians
1. The Rise and Decline of the State, Martin Van Creveld
2. Conceived in Liberty, Murray Rothbard
3. The Triumph of Liberty, Jim Powell
4. Modern Times, Paul Johnson
5. Reassessing the Presidency, John Denson (editor)
6. Austrian Perspective on the History of Economic Thought, Murray Rothbard
7. The Politically ...
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